Delhi EV policy could add 6 lakh electric two-wheelers by 2029
CRISIL has released an impact assessment of Delhi's draft Electric Vehicle Policy 2026-2030, which proposes banning new petrol two-wheelers from April 2028. The research firm believes this policy could significantly boost India’s overall EV penetration, even though Delhi represents a relatively small share of the country’s vehicle market. Delhi EV policy could add 6 lakh electric two-wheelers to national sales Pan-India electric two-wheeler penetration expected to reach 21-23 percent by FY29 Draft policy open for public feedback until May 10 CRISIL EV penetration projections CRISIL estimates nearly 6 lakh electric two-wheelers will be added to national sales In an impact note released on Tuesday, CRISIL said the draft Delhi EV Policy 2026-2030 could push pan-India electric two-wheeler penetration to 21-23 percent by FY2029, compared to 18-20 percent without the policy. This projection is based on the proposal to ban new ICE two-wheelers from April 1, 2028. The firm also n...